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Diversified Gas &Oil (DGOC)

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Monday 01 March, 2021

Diversified Gas &Oil

Vesting of Restricted Stock Units, PDMR and TVR

RNS Number : 6052Q
Diversified Gas & Oil PLC
01 March 2021
 

1 March 2021

 

Diversified Gas & Oil PLC

("DGO" or the "Company")

 

Vesting of Restricted Stock Units, PDMR Share Dealings and Total Voting Rights

 

Diversified Gas & Oil PLC (LSE: DGOC) announces the vesting of Restricted Stock Units ("RSUs") issued under its equity incentive plan (the "Plan") to members of DGO's executive management team, including 78,351 RSUs for Rusty Hutson, CEO and 64,524 RSUs for Brad Gray, COO. The Company has therefore issued and allotted an aggregate of 114,700 new ordinary shares of 1 pence each in the Company (the "New Shares") (net of withholding tax).

 

DGO has applied for the New Shares to be admitted to the Premium Listing Segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange PLC, and expects admission to occur on or around 4 March 2021. The New Shares will rank pari passu in all respects with the Company's existing ordinary shares of 1 pence each ("Ordinary Shares").

 

Mr Hutson and Mr Gray now hold 20,922,899 and 2,369,782 Ordinary Shares, respectively, in the Company, representing 2.96% and 0.33%, respectively, of the Company's issued share capital.

 

Including the New Shares, the Company has 707,524,818 Ordinary Shares in issue and holds no Ordinary Shares in treasury. Shareholders may use 707,524,818 as the denominator in calculations to determine if they must notify the Company of their interest in, or a change to their invested interest under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

 

For further information, please contact:

Diversified Gas & Oil PLC

+1 205 408 0909

Teresa Odom, Vice President, Investor Relations


www.dgoc.com


[email protected]




Buchanan

+44 20 7466 5000

Financial Public Relations


Ben Romney


Chris Judd


Kelsey Traynor


James Husband


[email protected]


 

 

About Diversified Gas & Oil PLC

Diversified Gas & Oil PLC is an independent energy company engaged in the production, marketing and transportation of primarily natural gas related to its synergistic US onshore upstream and midstream assets.

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Robert R. ("Rusty") Hutson

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Diversified Gas & Oil PLC

b)

LEI

213800YR9TFRVHPGOS67

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Restricted stock units constituting a right to acquire Ordinary Shares of 1p each


Identification code

GB00BYX7JT74

b)

Nature of the transaction

Vesting of restricted stock units under the Company's equity incentive plan

c)

Price(s) and volumes(s)

Price(s)

Volume(s)



£Nil

62,899

d)

Aggregated information

N/A single transaction


Aggregated volume

N/A single transaction


Price

N/A single transaction

e)

Date of the transaction

1 March 2021

f)

Place of the transaction

Outside a trading venue (XOFF)

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bradley Gray

2

Reason for the notification

a)

Position/status

Chief Operating Officer

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Diversified Gas & Oil PLC

b)

LEI

213800YR9TFRVHPGOS67

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Restricted stock units constituting a right to acquire Ordinary Shares of 1p each


Identification code

GB00BYX7JT74

b)

Nature of the transaction

Vesting of restricted stock units under the Company's equity incentive plan

c)

Price(s) and volumes(s)

Price(s)

Volume(s)



£Nil

51,801

d)

Aggregated information

N/A single transaction


Aggregated volume

N/A single transaction


Price

N/A single transaction

e)

Date of the transaction

1 March 2021

f)

Place of the transaction

Outside a trading venue (XOFF)

 

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